Member of Parliamentary Finance: The government is heading for an "urgent" economic step to control the dollar situation
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Member of Parliamentary Finance: The government is heading for an "urgent" economic step to control the dollar situation
Member of Parliamentary Finance: The government is heading for an "urgent" economic step to control the dollar situation
0/12/08

Baghdad today -
Baghdad A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, spoke today, Tuesday (December 8, 2020), about a new step that the government will take to reduce the exit of hard currency from the country and control the gates of currency auction.
Deputy Rashid commented on what the media reported about the existence of negotiations between Iraq and the International Monetary Fund, to determine a new exchange rate for the dollar against the Iraqi dinar, saying that "there are tools that the government uses to adjust the exchange rate, which is considered (income from inflation), or an increase Revenue through currency auction, to reduce the deficit gap. "
He added during his speech to (Baghdad Today): "The government will also work to absorb the purchasing power of the Iraqi dinar, to reduce the marginal tendency for consumption, thus the state's imports will decrease, which leads to a decrease in the rates of the exit of the dollar from Iraq, and this also leads to a reduction in the dollar demand." .
He continued, "This mechanism allows the central bank to control the outlets for selling the currency, with the aim of also controlling the exchange rates of the dollar."
Regarding the reasons for this approach, the deputy affirmed that "the government is obliged to follow this path, since Iraq has nothing but oil as a main source of revenue through its export and the entry of hard currency to it."
Earlier, Mazhar Muhammad Salih, the financial advisor to Prime Minister Mustafa Al-Kazemi, commented on Monday (7 December 2020) on Iraq's negotiations with the International Monetary Fund regarding determining the exchange rate of the dollar against the Iraqi dinar.
The appearance of Muhammad Salih said, "All matters related to negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar are in the discussion stage only."
He added, "The correct decision is for the cabinet when it discusses the draft budget very soon." The Finance Committee revealed before that, negotiations between Iraq and the IMF on determining the exchange rate of the dollar, while warning that those decisions may lead to inflation, which greatly affects the owners of limited income.
https://baghdadtoday.news/news/139382/%D8%B9%D8%B6%D9%88-%D8%A8%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84?fbclid=IwAR2hYIkRE7XF0DCa_KJ-oRgO4Ft6v1AbhEpK4A5azZvX0PdUgj5rogQ5SXE
0/12/08

Baghdad today -
Baghdad A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, spoke today, Tuesday (December 8, 2020), about a new step that the government will take to reduce the exit of hard currency from the country and control the gates of currency auction.
Deputy Rashid commented on what the media reported about the existence of negotiations between Iraq and the International Monetary Fund, to determine a new exchange rate for the dollar against the Iraqi dinar, saying that "there are tools that the government uses to adjust the exchange rate, which is considered (income from inflation), or an increase Revenue through currency auction, to reduce the deficit gap. "
He added during his speech to (Baghdad Today): "The government will also work to absorb the purchasing power of the Iraqi dinar, to reduce the marginal tendency for consumption, thus the state's imports will decrease, which leads to a decrease in the rates of the exit of the dollar from Iraq, and this also leads to a reduction in the dollar demand." .
He continued, "This mechanism allows the central bank to control the outlets for selling the currency, with the aim of also controlling the exchange rates of the dollar."
Regarding the reasons for this approach, the deputy affirmed that "the government is obliged to follow this path, since Iraq has nothing but oil as a main source of revenue through its export and the entry of hard currency to it."
Earlier, Mazhar Muhammad Salih, the financial advisor to Prime Minister Mustafa Al-Kazemi, commented on Monday (7 December 2020) on Iraq's negotiations with the International Monetary Fund regarding determining the exchange rate of the dollar against the Iraqi dinar.
The appearance of Muhammad Salih said, "All matters related to negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar are in the discussion stage only."
He added, "The correct decision is for the cabinet when it discusses the draft budget very soon." The Finance Committee revealed before that, negotiations between Iraq and the IMF on determining the exchange rate of the dollar, while warning that those decisions may lead to inflation, which greatly affects the owners of limited income.
https://baghdadtoday.news/news/139382/%D8%B9%D8%B6%D9%88-%D8%A8%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84?fbclid=IwAR2hYIkRE7XF0DCa_KJ-oRgO4Ft6v1AbhEpK4A5azZvX0PdUgj5rogQ5SXE
claud39- VIP NewsHound
- Posts : 18368
Join date : 2018-11-04
Clarification on the Central Bank's decisions to control the dollar exchange rate and the reasons for its recent jump
Clarification on the Central Bank's decisions to control the dollar exchange rate and the reasons for its recent jump
2020/12/08

Baghdad today -
Baghdad The economist and member of the Board of Directors at the Central Bank, Majed Al-Suri, spoke today, Tuesday (December 8, 2020), about the reasons for the high exchange rate of the dollar in local markets.
Al-Suri said in an interview with (Baghdad Today), that "speculation, political and economic confusion, and citizens' lack of confidence in the future of the Iraqi dinar are among the main reasons for the high exchange rate of the dollar in the local markets."
On the role of the central bank in dealing, with fears of a high exchange rate of the dollar, al-Suri indicated that "the central bank sells dollars at an exchange rate ($ 1190), and there is no change in the price.
He continued: "Knowing that up to now, there is no intention of the Central Bank to raise the exchange rate, and all that is being circulated of opinions issued by MPs and politicians about fears of a high exchange rate represent means of pressure to achieve certain goals." He warned that "the central bank seeks to pump hard currency, for the purpose of controlling its exchange rate in the local markets."
He pointed out that "private banks and banking companies have been identified to buy 30 thousand dollars a week," explaining that "this reduction in the infusion of hard currency came because of the lack of travel for tourism, medical treatments, and the lack of liquidity from hard currency."
As the picture indicated, "the Central Bank decided to receive foreign transfers in the form of 75% for the dollar, and 25% for the Iraqi dinar."
The exchange rate of the dollar rose again in the local markets in Iraq, to touch the new high today, Tuesday, 128 thousand dinars for every 100 US dollars.
The selling price of the dollar was 127,500 Iraqi dinars, while the purchase price was 126,500, roughly. As for international foreign exchange rates, the euro reached 100 euros per $ 121.20.
https://baghdadtoday.news/news/139376/%D8%AA%D9%88%D8%B6%D9%8A%D8%AD-%D8%A8%D8%B4%D8%A3%D9%86-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2
2020/12/08

Baghdad today -
Baghdad The economist and member of the Board of Directors at the Central Bank, Majed Al-Suri, spoke today, Tuesday (December 8, 2020), about the reasons for the high exchange rate of the dollar in local markets.
Al-Suri said in an interview with (Baghdad Today), that "speculation, political and economic confusion, and citizens' lack of confidence in the future of the Iraqi dinar are among the main reasons for the high exchange rate of the dollar in the local markets."
On the role of the central bank in dealing, with fears of a high exchange rate of the dollar, al-Suri indicated that "the central bank sells dollars at an exchange rate ($ 1190), and there is no change in the price.
He continued: "Knowing that up to now, there is no intention of the Central Bank to raise the exchange rate, and all that is being circulated of opinions issued by MPs and politicians about fears of a high exchange rate represent means of pressure to achieve certain goals." He warned that "the central bank seeks to pump hard currency, for the purpose of controlling its exchange rate in the local markets."
He pointed out that "private banks and banking companies have been identified to buy 30 thousand dollars a week," explaining that "this reduction in the infusion of hard currency came because of the lack of travel for tourism, medical treatments, and the lack of liquidity from hard currency."
As the picture indicated, "the Central Bank decided to receive foreign transfers in the form of 75% for the dollar, and 25% for the Iraqi dinar."
The exchange rate of the dollar rose again in the local markets in Iraq, to touch the new high today, Tuesday, 128 thousand dinars for every 100 US dollars.
The selling price of the dollar was 127,500 Iraqi dinars, while the purchase price was 126,500, roughly. As for international foreign exchange rates, the euro reached 100 euros per $ 121.20.
https://baghdadtoday.news/news/139376/%D8%AA%D9%88%D8%B6%D9%8A%D8%AD-%D8%A8%D8%B4%D8%A3%D9%86-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2
claud39- VIP NewsHound
- Posts : 18368
Join date : 2018-11-04

» A member of the parliamentary Finance: no use of austerity and mafias control the financial situation
» A member of parliamentary security warning: the security situation in Baghdad is deteriorating and is no longer under control
» Al-Kaabi: The economic situation makes it imperative for the government to control its resources, including the exit of hard currency
» Economic: The poverty rate will rise because of the dollar and the government cannot control the crisis
» Economic Commission: Iraq to take urgent step to strengthen IQD. Maliki: GOI to take step to transform Iraq
» A member of parliamentary security warning: the security situation in Baghdad is deteriorating and is no longer under control
» Al-Kaabi: The economic situation makes it imperative for the government to control its resources, including the exit of hard currency
» Economic: The poverty rate will rise because of the dollar and the government cannot control the crisis
» Economic Commission: Iraq to take urgent step to strengthen IQD. Maliki: GOI to take step to transform Iraq
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» The plot whispers that set Iraq's crisis on fire
» Despite public anger, no progress in Iraq political deadlock-Report
» USD/IQD rate closes slightly lower in Baghdad
» US diplomat commends CBI's successful monetary policies
» Finance Committee: The year 2023 will proceed according to the 12/1 exchange rule if the current situation continues
» The Central Bank: The cash reserve rose to 82 billion dollars
» Why is the central bank and our national economy targeted?
» The central bank and the banking sector, the main financing and investment ring that supported the economy and protected it from collapse
» Economic dynamism and the positioning of economic state building in Iraq
» Washington: The success of the policy of the Central Bank of Iraq was manifested in the indicators of cash and gold reserves
» The central bank denies granting sums of money to citizens
» Mazhar Muhammad Salih: Public finances are in trouble!
» Al-Kazemi: How can the state operate in the absence of a budget?
» Fitch announces the credit rating of Iraqi Islamic banks
» Parliamentary Finance: Write a paragraph to cancel payroll deductions in the budget
» After an agreement to invest $27 billion in energy, France's Total withdraws from Iraq
» WHY IS ANYONE SPEAKING ABOUT THE MASTER'S TRUST WHEN IT IS A SCAM!?!?!?!
» CBI sold +1.3$ billion in forex last week
» Iraq paralysed by government stand-off as Moqtada al-Sadr unleashes protest
» Introducing myself...
» Nearly two years after launching the White Paper, what are the achievements?
» USD/IQD rate closes slightly lower in Baghdad
» CBI sells +240$ million in forex on Sunday
» Iraq without a budget for 2022
» Al-Nusairi: The Central Bank’s initiatives to revitalize the economy amounted to 18 trillion dinars and achieved their goals
» A new talk from Al-Kazemi's advisor regarding the budget
» The assets of the International Development Bank rise to 1.5 trillion dinars
» CBI sells +260$ million in forex on Sunday
» New member
» USD/IQD exchange rates inch up in Baghdad on Saturday
» The Central Bank: We supported the economic sector with 18 trillion dinars
» The Central Bank sets the goal of its call to establish a sovereign fund
» Al-Maliki's leaks: a political boom looms over the Iraqi arena
» The Central Bank of Kuwait allows applications to establish digital banks
» Including Iraq ... the price of bitcoin in Arab currencies
» Adelaide, South Australia Redemption?
» Countdown to US implosion begins after failure of Biden Mid-East trip
» What distractions are in "The Dinar RV"...How many wild goose chases did you fall for?
» After slashing four zeros, Iran releases new banknotes